156 SBA loans worth $69.6M went to businesses in Des Moines, IA between October 2021 and June 2026, from 48 lenders. U.S. Bank made the most, 23 loans. The median loan was $200,000, compared with $200,000 across Iowa, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 23 | $3.4M | $35,000 | 43% |
| 2 | Iowa Business Growth Certified development company · Johnston, IA | 18 | $16.4M | $343,500 | 6% |
| 3 | Lincoln Savings Bank Bank · Reinbeck, IA | 9 | $3.1M | $175,000 | 44% |
| 4 | Northeast Bank Bank · Portland, ME | 8 | $1.0M | $127,500 | 25% |
| 5 | Pivotal Business Partners Certified development company · Des Moines, IA | 6 | $1.8M | $279,000 | 17% |
| 6 | Northwest Bank Bank · Spencer, IA | 5 | $2.4M | $93,000 | 80% |
| 7 | City State Bank Bank · Norwalk, IA | 5 | $2.2M | $250,000 | 0% |
| 8 | First Mid Bank & Trust Bank · Mattoon, IL | 5 | $1.1M | $200,000 | 60% |
| 9 | Farmers State Bank Bank · Waterloo, IA | 5 | $944K | $150,000 | 20% |
| 10 | Live Oak Banking Bank · Wilmington, NC | 4 | $5.6M | $425,000 | 50% |
| 11 | Wells Fargo Bank Bank · Sioux Falls, SD | 4 | $3.2M | $15,000 | 75% |
| 12 | Bankers Trust Bank · Des Moines, IA | 4 | $1.1M | $194,250 | 75% |
| 13 | Bank Iowa Bank · West Des Moines, IA | 4 | $660K | $65,000 | 0% |
| 14 | TruBank Bank · Indianola, IA | 4 | $600K | $132,500 | 50% |
| 15 | Fortress Bank Bank · Peoria, IL | 3 | $3.0M | $400,000 | 33% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 22 | $180,500 | U.S. Bank | |
| Restaurants and hotels | 22 | $219,000 | U.S. Bank | |
| Professional and technical services | 20 | $246,000 | Iowa Business Growth | |
| Retail | 15 | $150,000 | Northeast Bank | |
| Other services (repair, personal care) | 15 | $150,000 | U.S. Bank | |
| Manufacturing | 10 | $192,900 | Northwest Bank | |
| Health care and social assistance | 8 | $510,850 | Harvest Small Business Finance | |
| Information and media | 8 | $50,000 | U.S. Bank |